
After six weeks of heavy purchases of risky assets, the market takes a break this week to consolidate the increases recorded.
In the stock market stands the German Dax index, which continued as a new market with high relative strength. Retrieve The Italian Stock Exchange in the wake of the good performance of the banking sector.
remains little rough but the American market, while the Japanese remain without food for relief. Also stop emerging markets in the week except Russia. It is confirmed however very tonic the Turkish stock index.
Among the European sector, the largest increases during the week were the auto sector, the beverage and chemical industries, while the largest declines were recorded in the securities pharmaceutical, media and telecommunications. In the forex market, the euro continues to signal its strength, especially to Swiss Franc and British Pound. Weak in general commodities, with gold and precious divert after weeks of increases. But the outlook remains for, as a result of demand from emerging countries in the coming months, and in some cases, the imbalance between demand and production, but the weakening of global production in the fourth quarter could act as a brake on prices.
The markets are waiting for the FOMC on 3 November in which the maneuver will be clearer that the Fed intends to take to combat a possible economic slowdown and deflation threat. If the Fed declared that it would continue its macro-economic policy objective of price stability and full employment, then, the assets and riskier high-yield bonds would be favored by investors.
Chart Baltic Dry Index